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Peter Romeo

Editor at Large

Articles by
Peter Romeo

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Workforce

Cheesecake Factory furloughs 41,000, cuts executive pay 20%

The company said it is negotiating with landlords for a break on rent for the duration of the COVID-19 crisis.

Operations

Cheesecake Factory halts rent payments

Landlords have been alerted by letter that restaurants will stop payments beginning with their April obligations.

Workforce

67,650 restaurant and bar jobs eliminated in NYC, survey finds

Local operators are asking the city and state to end rent collections and provide other forms of assistance.

Financing

The coronavirus relief bill: What’s in it for restaurants?

The largest public assistance measure in American history is an imposing tome of legalese and technical language. Here are the parts with particular relevance for foodservice.

Operations

Tilman Fertitta said to furlough 40,000 employees

The layoffs affect about 70% of the billionaire's workforce.

Operations

Golden Corral shuts all company units, furloughs 2,290

The buffet chain said it will help the laid-off employees with food and assistance in accessing public benefits.

Financing

Cracker Barrel opts not to rescue Punch Bowl Social

The eatertainment chain faces foreclosure and has already closed all 19 units and laid off its staff.

Operations

Front Burner battles coronavirus in more than economic ways

Meal kits are keeping the multiconcept operator in business. Boxed meals are helping its soul.

Operations

J. Alexander’s furloughs 3,400 as sales free-fall

Off-premise business is generating 10% to 20% of normal weekly sales, the company says. It has provided two weeks of emergency pay to the dislocated employees.

Operations

Luby’s closes 35 more restaurants, cuts majority of HQ staff

The salaries of the remaining home-office employees have been cut 50%.

Workforce

44% of hotel workers projected to lose their jobs

Marriott has already said it will furlough tens of thousands.

Financing

Cheesecake Factory says it’s making it through off-premise

But conditions forced the temporary closure of 27 properties, the company said.

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